Deere & Company (NYSE:DE) has been given an average rating of “Hold” by the twenty-two analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $171.83.
DE has been the subject of several research reports. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $140.00 target price on shares of Deere & Company in a research report on Monday, November 25th. Citigroup cut their target price on shares of Deere & Company from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Monday. Stephens initiated coverage on shares of Deere & Company in a research report on Wednesday, August 14th. They issued an “equal weight” rating and a $160.00 target price for the company. Wells Fargo & Co reiterated a “market perform” rating and issued a $177.00 target price (up from $170.00) on shares of Deere & Company in a research report on Friday, November 29th. Finally, Barclays set a $180.00 target price on shares of Deere & Company and gave the stock a “buy” rating in a research report on Tuesday, October 15th.
In other Deere & Company news, Chairman Samuel R. Allen sold 114,253 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $178.30, for a total transaction of $20,371,309.90. Following the completion of the sale, the chairman now directly owns 423,497 shares in the company, valued at $75,509,515.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James M. Field sold 12,637 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $180.00, for a total transaction of $2,274,660.00. Following the sale, the insider now owns 113,858 shares of the company’s stock, valued at $20,494,440. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,041 shares of company stock valued at $24,642,622. Company insiders own 0.71% of the company’s stock.
Shares of Deere & Company stock traded up $1.77 during trading on Wednesday, hitting $165.27. The stock had a trading volume of 1,703,271 shares, compared to its average volume of 2,028,673. The firm has a market cap of $52.91 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 2.27 and a beta of 1.13. Deere & Company has a 12 month low of $132.68 and a 12 month high of $180.48. The business’s 50-day moving average is $173.70 and its 200 day moving average is $161.50. The company has a current ratio of 2.04, a quick ratio of 1.80 and a debt-to-equity ratio of 2.65.
Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 27th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.01. Deere & Company had a net margin of 8.29% and a return on equity of 27.11%. The company had revenue of $8.70 billion during the quarter, compared to analyst estimates of $8.41 billion. During the same period in the previous year, the business earned $2.30 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts expect that Deere & Company will post 9.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.84%. Deere & Company’s payout ratio is 30.58%.
Deere & Company Company Profile
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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